What is Dynasty of Cryptos？
Dynasty of Cryptos is a cryptocurrency trading platform based in the United Kingdom. As per the available information, it is currently not regulated by any financial authority, which means traders need to exercise caution while using their services.
Pros & Cons
Pros:
High Leverage: Dynasty of Cryptos offers lecverage up to 1:500.This allows traders to trade with larger positions than their account balance, potentially increasing their profits. However, it's important to remember that this also increases potential losses.
Low Spread: Dynasty of Cryptos offers a low fixed spread of just o.2 pips for EUR/USD currency pair trading. This means lower transaction costs for traders.
Multiple Customer Service Channels: Having several ways to reach customer support (like email and phone) allows for more efficient problem-solving and superior service for traders.
Cons:
Non-regulated: Being non-regulated could present some potential risks since Dynasty of Cryptos is not supervised by any financial authority. Traders may have limited protection and recourse in cases of dispute or platform malpractice.
High Minimum Deposit: The minimum deposit requirement of €250 for the trading account types are relatively high, which may be a barrier for traders with limited capital.
Is Dynasty of Cryptos Safe or Scam？
Regulatory Sight: Dynasty of Cryptos is currently non-regulated, meaning it is not supervised by any financial regulatory authority. This can pose potential risks to users as non-regulated platforms may not adhere to the industry standards or have necessary protections for investors commonly provided by regulated platforms.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
Dynasty of Cryptos offers a range of market instruments for trading. These include Forex, where users can trade various global currencies; Commodities, for trading in raw materials such as oil, metal, and grains; Stocks, offering opportunities to invest in individual companies; Indices, which allow for investment in specific sectors of the stock market; and Digital Currencies, which provide access to the growing and volatile cryptocurrency market.
Account Types
All these accounts offered by Dynasty of Cryptos are named after prominent business figures and reflect a tier structure, where the higher the initial investment, the greater the offered bonuses or rewards. In terms of similarities, all accounts offer access to multiple market instruments and allow immediate deposits through various payment methods. Notably, all of them also provide incentives for bringing in new customers through a 'Friend's Zone Bonus'. However, the main differences lie in the unique perks and benefits associated with each account type, which typically increase with higher initial investments.
Leverage
Dynasty of Cryptos offers a maximum leverage ratio of up to 1:500. This means traders can trade positions that are up to 500 times larger than their initial deposit. This level of leverage can significantly magnify potential profits but also exposes traders to higher potential losses. As such, while it can be advantageous for experienced traders with robust risk management strategies, less experienced traders should exercise caution when using high leverage.
Spreads & Commissions
Dynasty of Cryptos offers a fixed spread of 0.2 for trading the EUR/USD currency pair. This spread is relatively narrow, which could lead to lower trading costs. Regarding commissions, there is no specific information provided on the official website, which means there might not be a direct trading fee. However, traders should be aware that this doesn't necessarily mean trading is free of cost. There might be hidden fees incorporated in other aspects of their service, such as withdrawal fees or inactivity fees. It is always advisable to carefully read the terms and conditions or ask the customer service directly for detailed fee information.
Trading Platform
Dynasty of Cryptos utilizes a web-based trading platform known as the Dynasty of Cryptos Webtrader. This platform is equipped with a variety of features that enable a successful trading experience.
Key features include live quotes, advanced interactive charts, news and analytics, as well as risk management tools and trading indicators. Also available are expert advisors designed to support your trading decisions. The platform is mobile compatible which allows users to trade anywhere, anytime providing complete control over their trading accounts.
Moreover, the Dynasty of Cryptos Webtrader welcomes personalization allowing users to modify it as per their preferences. It encourages users to create and apply their own trading strategies and technical analysis. The platform also allows for the identification of past price patterns and market sentiment with the inclusion of additional tools and over 20 indicators.
Deposit & Withdrawal
Dynasty of Cryptos offers various options for depositing and withdrawing funds. These methods include:
Credit Cards: This is one of the most common and convenient methods to deposit and withdraw funds. It is typically processed quickly, making it a popular choice for many traders.
Bank Transfers: This method allows users to transfer money directly from their bank account to their trading account. While it can offer increased amounts of security, bank transfers can sometimes take longer to process.
PayPal: This online payment system offers a fast and secure way to deposit and withdraw money. Users can link their PayPal accounts to a variety of sources, like their bank account or credit card.
Bitcoin: Dynasty of Cryptos also supports crypto-based transactions. Users can deposit or withdraw funds using Bitcoin, offering another level of flexibility, particularly for cryptocurrency traders.
Customer Support
Dynasty of Cryptos has multiple branches and locations available for contact:
London Branch:
Email: support@dynastyofcryptos.com
Phone: +123456789
Address: 150 Minories Tower, London EC3N 1LS, United Kingdom
Working Hours: 8:00 AM - 3:00 PM (local time)
Berlin Branch:
Email: support@dynastyofcryptos.com
Phone: +49 123 456 789
Address: 17 Warschauer Straße, 10243, Berlin, Germany
Working Hours: 9:00 AM - 5:00 PM (local time)
Headquarters (Zürich):
Email: support@dynastyofcryptos.com
Address: Thurgauerstrasse 117, Glattpark, 8152 Zürich, Switzerland
Working Hours: 9:00 AM - 5:00 PM (local time)
Switzerland Branch:
Email: support@dynastyofcryptos.com
Address: Gartenstrasse 6, 6300 Zug, Switzerland
Working Hours: 9:00 AM - 5:00 PM (local time)
Conclusion
Dynasty of Cryptos is a UK-based cryptocurrency trading platform that offers high leverage and low spreads. However, its non-regulated status may pose risks and its high minimum deposit might discourage traders with smaller capital. It does offer a comprehensive trading experience with a range of trading instruments and flexible customer service options.
Frequently Asked Questions (FAQs)
Q: Is Dynasty of Cryptos regulated？
A: No, Dynasty of Cryptos is currently non-regulated.
Q: What trading platforms does Dynasty of Cryptos offer？
A: Dynasty of Cryptos offers a web-based trading platform called Dynasty of Cryptos Webtrader.
Q: What is the leverage offered by Dynasty of Cryptos？
A: Dynasty of Cryptos offers a maximum leverage ratio of up to 1:500.
Q: Is there a minimum deposit required to start trading with Dynasty of Cryptos？
A: Yes, the minimum deposit varies depending on the type of account, with the lowest requirement being €250.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
